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A firm has the following capital components and costs. Component Value After-Tax Cost Debt 15,961 9 % Preferred Stock 8,362 7 % Common Equity 11,254

A firm has the following capital components and costs.

Component	Value	After-Tax Cost
Debt	15,961	9 %
Preferred Stock	8,362	7 %
Common Equity	11,254	13 %

What is the firm's weighted average cost of capital? ______%

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